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FOX Business
Dec 2, 2012 9:30am EST
governments and now someone is calling to create a nation lottery to pay down the debt. if washington is not coming up with new ideas why not debate it i am cheryl casone and welcome to cash in . we have johnathon and tracey and john . jill joining us. wayne we'll start with you. is it time for a national lottery to pay down the federal debt same time. >> a question why not. if it works with the state governments. why not the federal government and make it a big and huge one and any lttle niche that you can knock down the deficit is good. >> okay, but john, what happens to the states. we are finding out that california is signing up for powerball because of the revenues that they get. ist bad for states. >> it is really bad for states. wayne has much chae of winning the lottery as geth through a comment without johnathon interrupting. >> zero. >> and the problem you have with this. this could be a billion dollar ck mots and huge and going to kill the state lottos and in the stouthern states. they were sold as a way of funding education . that didn't happen. they are dependent on the g
FOX Business
Dec 1, 2012 9:00pm EST
of this government, geronimo. and carol says sandra on the cover of time magazine, but it more own a gun. was it could? to like this? that is our show tonight. [applause] >> and now john stossel. john: food can kill. people will eat the wrong stuff may get sick. it's while most everyone says we need government toet some limits. make sure there is not bacteria in your food or dangerous chemicals. to make sure food companies tell you what is in their food and how fattening it is. state legislator felix ortiz ha done that in new york city. he got trans fat man, calorie counts posted at mcdonald's and other fast-food places now he wants a ban on adding too much salt. so ou think he saved lives? >> absolutely. john: okay. a farmer. he grows vegetables dollar raises cows, chickens, and pigs. i assume you want the people who buy your beef and pork to be safe. so don't we owe him a vote of thanks for saving this? >> no. i would say you're killing me out here. trying to get my stuff to market. this plethora of government regulations, you know, is killing our farm and our ability to come to rket.
FOX Business
Dec 4, 2012 6:00pm EST
his first four years increase the size of our federal government spending by 25 percent, and now he's asking for more stimulus money. unfettered control. this really is a hostage situation, and this is not what the american people need. we have 25 million americans looking for jobs, searching for jobs. we don't need to add additional taxes. gerri: covers woman, look. the american public is going to blame your party, the republicans, some 53 percent say of the fiscal cliff happens, every fall over the edge republicans are to blame. how do you square that? is a year on the right side, trying to do things. yet the public certainly does not see your effort. >> i think one of the things that is so difficult for me is that the media cannot not talking about you in particular. the general media has fallen into this rabbit hole of only talking about this one issue. if we were to give the president what he wants, the panacea. that is the pitfall of our problems. it only funds government for eight days. how can we be serious about staying focused on one thing in not talking about all the othe
FOX News
Nov 29, 2012 10:00pm PST
and not give your money to a government that's inefficient. >> sean: all of the artists can step up and give their money to government. >> exactly. i'd like to see john boehner give up his social security. >> you can donate your money to charity. you don't need to give it to the government. >> sean: greta is next. see you tomorrow night. >> greta: tonight speaker newt gingrich tells fellow republicans to get a grip. the former speaker of the house calling the fiscal cliff a fantasy that will appear out of nowhere just like the land of oozdid. speaker gingrich is here to tell us about his message for the gop. but first rush limbaugh has a message for democrats. >> you want to go after rich people? go after yourselves, democrats. start with your own perks. show us you've got some skin in the game instead of blaming everybody else. >> no substantive progress has been made in the talks between the white house and the house the last two weeks. >> we're not going to kick the can down the road. this is no time for delay. >> how gutless is it to blame the taxpayers? >> compromise is necessa
FOX Business
Dec 1, 2012 5:00am EST
of this government, geronimo. and carol says sandra on the cover of time magazine, but it . [laughter] melissa: here comes gerri willis. ♪ ♪ gerri: tonight a warm and likable a. whatthey say could damage your car and the triple a agency. welcome to "the willis report." senator kay bailey hutchison and sarah gerri: hello, everyone. speaker john boehner and nancy pelosi threatened over the president had to go over the president had her go. we have two guests. welcome to you both. last night, we covered the details of the president's opening gambit in the fiscal cliff talk. he wants a $1.6 trillion tax increase, 50 billion and stimulus spending. and the white house has the ability to raise the debt ceiling without congressional approval. a ry big deal for folks there. today, the presidt is out there, trying to drum up support among the public. not in washington or with congress or the senate. here is what he had to say. >> it is not acceptable to me, and i do not think it is acceptable to you for a handful of republicans in congress will middle-class tax cuts hostage simply because they don't want
FOX Business
Nov 30, 2012 6:00pm EST
of talking about what the government is doing that shouldn't be doing. >> that is right. mark is a smart guy and i agree with him. the spending issue, we simply cannot rein in while we are focusing on taxes. you shall howl nonserious the president is. he sent timothy geithner on a fools errand. he said he wants a balanced approach. but the balance is that republicans come up with everything, and he is allowed kharkov on the debt limit. it is hard to understand what the balances of the equation, besides allowing him to retain his approach, which is continuing to spend and rack up massive deficits and continuing higher taxes without any plan that bears that out. remember that his budget hikes taxes and still spends $47 trillion over the next 10 years. gerri: to that point, you look at the approval rating now going down for the first time since the election at 49%. i think it tells you something. maybe american people are looking at this and it looks a whole lot like campaigning to me. it is like the election never happen. we are still campaigning on the campaign trail. today in pennsylvania, t
FOX Business
Dec 3, 2012 9:00pm EST
worse than i do. rip up. fair and balanced. gerri: tonight broken promises. the government has let small business owners feeling forgotten. one is here with her story. and your shopping questions answered. consumer reports' annual money in nuys list. welcome to "the willis report." ♪ gerri: hello, everybody. i'm gerri willis. a bold counter ofer to president obam on the fiscal clef. the new plan contains 800 billio in new taxes, half of what t president was looking for. more importantly, the gop plan keep tax rates the way they are now. we kw that is a deal mker for the tie-breaker for the presidents. joining me now, theman some democrats blame for the fiscal cliff impasse, grover norquist, president of americans for tax reform. and the many ands a finger to about fixing it, michael reagan, founder of the reagan group. i wantto start with the republicans plan that they put on the table. they have been accused of doing nothing and all. they come up with their own plan which inclus 800 billion in revenue from closing loopholes and eliminating deductions and then 1 billion in spendin cuts
FOX News
Nov 29, 2012 9:00pm PST
in reducing the size of the federal government. now democrats before him he's dangling the prospect of future budget cuts in the hopes republicans will take the bait. with that in mind, it's important to remember the words of president ronald reagan, he wrote them in his own autobiography, and described in great deal a deal he struck with the democrats in 1980s, promising $3 in spending cuts for every dollar in a tax increase. reagan wrote, the democrats reneged on their pledge and we never got those cuts. perhaps that's why some on the right are calling foul on these negotiations. >> the only secret talks have revealed, a government that skips from one crisis to the next. all of this secrecy allows the president to petition himself frankly and being in favor of a balanced plan. that's what he said, i favor a balanced plan. basically it increases taxes to fuel more spending. that's what the plan is. the white house plans to raise taxes to expand government. that's not acceptable. >> sean: republicans, i hope you're listening. joining with me more, leslie marshall and billy can you think imagi
FOX Business
Dec 2, 2012 9:00am EST
. >> but the new forbes report showing that more people in the states are taking money from the government than the private sector, can our nation afford deal that doesn't put so-called entitlements on the table. i am dave. we'll go to. mike, to you. we have to put entitlements on the table? >> for the sake of the over all economy we must put enments on the table. over the last four years entitlement spending is growing faster than the over all economy. this is why president obama has this country in record debt. that hurt the economy. take-home pay decreased under president obama. we must get entitlements under control. >> rick at the unemployment and housing vouchers. it is 800 billion extra spending. doesn't that have to be cut. >> there is no chance that there will be a dole without entitlement cuts. what sator durbin is talking about is the importance of focusing. if we want a deal you will not doing by taking a wide sprect rum appoach. president clinton was clear when he spoke to the republicans. he pointed out that the biggest driver of the united states debt is medicare. he understands
FOX News
Dec 3, 2012 9:00pm PST
like ronald reagan who understand this principle. bill clinton famously said the era of big government is over and the end of wel welfare as we know it. why? because government is not the answer. government is the problem. there was that other iconic democrat, the one that occupied the oval office in 1962. he spoke of the benefits of cutting taxes. president obama, i hope you're watching this. >> this can be the most important step we could take to prevent another recession. that is the right time to make tax cuts both for your family budget and the national budget. resulting from a permanent basic reform and reduction in our rate structure, a creative tax cut creating more jobs and income and eventually more revenue. it will include an across the the board top to bottom cut in both corporate and personal income taxes. the billions of dollars this bill will place in the hands of the consumer, and our businessmen, will have both immediate and permanent benefits to our economy. every dollar released from taxation that is spent or invested will help create a new job and a new salary and t
FOX Business
Dec 5, 2012 11:00pm EST
the speaker makes a mistake and the tea party is not a group that embraces serious tangible of government that is traditionally work in this country. there are members of congress who got elected because, in fact, the tea party activists across the country were involved in the election. the tea partiers and outsiders -- i would remind john boehner that there was a time when he was the outsider that was an annoyance to the party leadership. i understand the speaker being annoyed when he has people within his caucus that are committed to a set of principles that they make it hard for him to make easy deals. but i would also remind him that people are not going to forsake their principles for something thats as insignificant and their life as a committee assignment remark that is right. >> if he thinks this is a party discipline, he is sadly mistaken. he often knows that from his own experience as a younger time in his service in congress. charles: representative, it has been set from the beginning that the tea pay not only poses an incredible threat to the senate democrats, but to establish
Nov 28, 2012 7:00pm PST
government. >> the american people have also made clear there is no mandate for raising tax rates. >> keeping them honest, president obama campaigned and won on letting taxes go up for the top earners, so his victory throws a little cold water on that claim. democrats gained seats in the senate and the house and recent cnn/rnc polling shows more than 2 in 3 support tax hikes for the wealthy. u.s. a reality that republicans will grapple with from now until new year's day. joining me, congressman tom cole from oklahoma. a republican. thank you for joining us. >> thank you. >> your proposal, republican lawmakers should agree with democrats, exstand the tax breaks for those making $250,000 or less, before the end fortunate year, deal with the tax rates for the wealthiest later. an idea that a lot of republicans are resisting. what kind of pushback are you getting? >> the reaction is mixed. some support it. some don't. some have more questions about it. but, look, the issue really is pretty simple. i don't believe in raising tax rates on anybody. i think it's bad for the economy. bad for job creat
FOX Business
Dec 2, 2012 8:00am EST
in principle, but the fact if we don't get past the deadline, people are one, going to view government as totally inept or more inept than it is right now. and businesses free us up and they're afraid of doing anything and the individual freezes up. look, who is going to be out there actively investing and looking for work? you just don't know what's going to happen with all that we need to get something done, as bad as it might be. >> and does a month or two really make a difference? at some point, they're going to come up with something. >> yeah, that's right. i mean, i think a month or two a probably okay. and, but i'mith gary. if they kick this thing back a year, it really confirms the markets worst suspensions, which is thawe've got a congress that has absolutely no functionality whatsoever, they're well and truly broken and i mean, that would be disturbing, kicking back a month or two, i think the market can stomach that. i don't think the market would want to see us kick it back a year or two, no, no, no. >> here is the deal, tobin, what about we kick the can, we kick the can, w
FOX News
Nov 28, 2012 6:00pm PST
the government is. i'm very concerned. this is the first generation where americans are saddling their kids with unsustainable debt. >> exactly. >> sean: we've got to get off the track. just as a conservative, i believe in economic growth. i think government spends too much money. but if you're saying the government's going to take in $1.1 trillion more through tax reform, eliminating deductions, but not increasing the tax rates, but lowering them, you're still getting more money, and it's not through growth, so that means people are paying more, right? >> no. the money is not coming to the government. the money is coming in to be used to lower the rates as well as pay down the debt, sean. you're exactly right about economic growth. and you just look at what's happened in the last year. we've had just a very slight uptick in economic growth. we've seen about a $350 billion revenue increase. the problem is, this administration is spending that money instead of applying it to the debt. can you imagine what kind of economic growth we would see if we had real meaningful corporate tax reform? >>
FOX Business
Dec 3, 2012 5:00pm EST
it grow even faster than that in order to enable bigger government. 100% of our fiscal problem is on the spending side. obama is being very inflexible on that. republicans i'm afraid will get taken to the cleaners just what happened in 1990 when read my lips. melissa: would you rather we went over the fiscal cliff? >> compared to what obama's talking about, the fiscal cliff might be better because obama not only wants soak the rich tax increases that would automatically happen, he then wants additional taxes on top of that would be very bad for american competitiveness. we don't want to send jobs to china and india but almost as if obama wants to do that. at least if we went over the cliff, we would get the sequester, which is the budget wonk term for automatic reductions in the growth of spending. melissa: absolutely but i'm not sure republicans are giving in as much as you think. if you drill down on the details, as soon as i saw 800 billion in new tax revenue, my immediate question did they give on the point of marginal rates and from the language it doesn't look like. more
FOX News
Dec 1, 2012 3:00pm PST
by the difficulties put forth by government spending at the rates that they have been. so when it comes to the fiscal cliff, our young voters more than ever want to make sure that our republicans and our candidates that are putting forth the message of working together to get this problem solved. i think whether you look at this simpson bowles plan or other things, we need to make sure we're work together and putting these important issues forth. >> rick: let's talk about entitlement reform. that's another topic that's very important for republicans and they have said that the leadership in washington, they want to hear the president. they want to hear democrats talk about entitlement reform. are young republicans in favor of a partial or whole privatization of our entitlement program? would young republicans be open to the idea of privatizing social security and things like that? >> our republicans on campus have traditionally expressed support for cutting spending. they can see that the current climate that we're in of overspending and simply not having enough revenue and increasing our deficit is
FOX News
Dec 1, 2012 2:00am PST
. it is pathetic, how badly republicans do whether it is the presidential campaign or trying to govern when they are competing with the news media and obama, which is the same thing. they have got to rethink their entire communications strategy. >> sean: i think i like your proposal better than mine. i said one piece of legislation. you are right, i'm wrong. i think a series of -- >> thank you very much. i'm very grateful, that's nice. >> sean: i'm listening closely to what you are saying. i think is far more effective way, strategy and tactic than what i proposed which is one piece. i think to show the very things the democrats are against is good. one question, howard dean and some of the people on the hard left they've come out and said that this is a good thing. because the thinking is, they get sequestration, gut the military, raise taxes but they don't get the blame for it and they get to blame republicans. do you think this is maybe the strategy of the president considering how awful and insulting that plan was that he offered? >> i think it could be his tactic his goal. i think repu
FOX News
Dec 6, 2012 10:00am PST
in the government's effort to go after the rebels. i mean, we have seen babies and children, women, civilians tortured and killed day after day in syria. and now the thought that they might unleash chemical weapons on them is focusing new attention on what happened back in 1988 when saddam hussein did it. he used the same type of chemical weapons to kill kurds, thousands of them. again, back in '88. thousands of innocent died in the attack, more than 10,000 suffered horrific injuries, not to mention -- we'll talk about it, exactly what happened in '88, how it unfolded, how they handled it and what the death toll was. they said birds just started dropping out of the sky, sheep and goats -- that was the first sign -- started keeling over in the fields dead, and then came the human death toll. it happens quickly, and it is awful. and it is one of the reasons why our government is taking this so seriously, this possible threat. and preparation now of weapons like sarin gas. more on that coming up in just a bit. >>> also from washington right now, fox news has confirmed that the fbi is today inves
FOX Business
Dec 4, 2012 9:20am EST
gets automatic tax increases from everybody, more government money from the private sector. he gets big cuts in the military, which he also wants. and if anything goes wrong, he blames the republicans. i don't think he cares. either way from his perspective he's a winner. if he was looking for a deal, he would be dealing. he's not dealing. he's campaigning. stuart: you say if we go over the cliff, he wins. if we go with his plan, he wins. no way he loses on this situation. liz: fiscal cliff diving at the 11th hour -- i hate the cliches, i'm tired of them but we will see an 11th hour deal on december 24th, christmas eve or new year's eve in the dead of night. i'm worried about that. a very bad deal no one will have read. stuart: i think there might be a deal at the very last minute in which the republicans say okay higher tax rates on people making more than a half million and we'll talk about spending cuts at some point in the future. david: i think there's a 50/50 chance there won't be a deal. stuart: that's why the dow industrials are doing nothing because nobody knows what's going to
FOX Business
Dec 5, 2012 5:00pm EST
with this. this is all about, all about trying to preserve medicare. so the government in this case is unusually probably trying to do the right thing. i don't know everything about it yet because it is still a little furry around the edges. but aarp jumped on this. this is not good for members. the premiums. will go down. melissa: if it went through it could be good for the members in the sense that medigap premiums would go down. >> exactly. melissa: that is something their members would really like. but once again they would not. this is the big sticking point that happens again and again. >> right. melissa: you think aarp is out there because you're a senior lobbying in your best interest. meanwhile on their website, call your congressman, do this, do that e-mails. you could be following their lead and doing things actually against your best interest. >> yeah. the problem if you don't really pay attention to what they're doing they mask it so beautifully. they really do, a good job. i watch their commercials all day long. always sounds like they're advocating for their seniors.
FOX Business
Dec 6, 2012 5:00pm EST
to the government to feed the beast that keeps spending and spending our money. they're allowed to hang onto a small portion of their profits. >> yeah. that is actually not really accurate. there have been numbers of studies, most recently from the organisation for economic co-operation and development but also last year we saw a bill proposed in congress from senator sanders and representative ellison, all of which identify over $10 billion annually that are going to the fossil fuel industry in subsidies. i'm a father too. melissa: congress doesn't have any money. they don't have money to give. the money they have have is my money that they have taken from me. it is company's money they have paid in. it is tax revenue. >> it is our money. melissa: hanging on to earnings, these are deductions rather than sending in even more tax dollars they're paying less tax based on investments they're making. you're calling those things subsidies. that is not congress's money. that is exxon's money it is hanging on to. but they're not taking money back. they're hanging onto the money they have earned. do you und
FOX Business
Nov 30, 2012 9:20am EST
for the u.s. government taking care of senior citizens and we saw it in the 30's and the 70's with the oil shock and did see the birth rate in the united states decline. it's higher than italy and japan, but it's not good for an aging society when the birth rate declines and it's shocking-- >> and support ourselves. stuart: yes. >> it's shocking that the birth rate for immigrants is dropping, too. stuart: astonishing, thanks, ladies. hold on the gold report a little early this morning, where are we now? 1,725.10, we're down just $4 this friday morning and as you know, there's a fight on capitol hill all about this fiscal cliff and the media is, as always, in the democrat's corner. that will be my opinion. and mark is next. ♪ ♪ [ male announcer ] they are a glowing example of what it means to be the best. and at this special time of year, they shine even brighter. come to the winter event and get the mercedes-benz you've always wished for, now for an exceptional price. [ santa ] ho, ho, ho, ho! [ male announcer lease a 2013 glk350 for $399 a month at your local mercedes-benz dealer. >>
FOX Business
Nov 28, 2012 7:00pm EST
bigger government. republicans said no. harry reid has had a hissy fit for four years now, i'm happy the republicans would not raise taxes to pay for is bigger government. the problem is the american people don't want their taxes raised. lou: what i asked was how you feel? >> i am pleased as punch. harry reid, at having a hissy fit at me, he's really mad at the american people for not wanting to raise taxes. he personalizes it with me. lou: what about those folks like senator john mccain, senator lindsay gramm, senator chambliss the list goes on. i mean -- >> it doesn't go on. it does not go on. here's the good news. all the people who last week and said we might raise taxes under certain circumstances with the same people who said that two years ago. and every news media outlet in the country has said the last week, would you like to be famous? would you like to be called important and influential? come to our tv station and announced you areefor tax increases and we will tell everyone you are important and influential. they have had no takers, for crying out loud. all of the guys f
FOX Business
Dec 3, 2012 9:20am EST
out of denmark. >> i mean, in the sense of the new government cut off my funding. stuart: because of your position on global warming and environmentalism. >> yes we don't want to it hear good advice. stuart: what's your advice on the carbon tax, if we got one, would it help reduce co 2 emissions? >> well, any climate economist would say a low carbon tax makes sense, but the problem is, it will only cut a very tiny amount and of course, what you really have to remember, you're never going to get china or india on board. so essentially, it's going to have a very, very small effect. it's not the solution to climate change. >> would you say that the co 2 emissions are causing temperatures globally to rise. >> yes. >> and that's accurate? >> and in the long run, we do need to cut back on carbon emissions, but the way that we're trying right now, the way that we're trying in doha and many international areas is not working and we're essentially making up these promises, but what are we doing? we're sending productions to china and india, so essentially we're putting out more co 2, but n
FOX Business
Nov 29, 2012 10:00pm EST
the bottom line is that we are mostly safe because of markets. not because of government. companies were carved by bacteria simply to protect their brand. competition, device the pipes are reputation, it protects us much better than government over well. that is our show. i am john stossel, thank you for watching. [applause]hour lou: good evening, everybody. a lot has changed in the last 2f hours. to balance the republican author of tax revenue increases. president obama, maintaining a highly believable effort of the white house and congress to resolve differences that would avoid the fiscal cliff. that is $1.2 trillion in automatic budget cuts and $600 billion in tax hikes that would result from the expiratin on december 31, te consequences would simply be devasting. the economic impact on the country and the american people would mean the loss of hundreds of thousands, if not millions of jobs. e very likely onset of yet another recession. the white house timothy geithner on capitol hill today. he went there empty-handed to meet the party leaders. house speaker john boehner who has
FOX News
Dec 4, 2012 3:00am PST
to the regime since 2009 when the iranian government was caught off guard and saw the large presence on the internet and getting information from outside of the country and sending information from inside out. it was the twitter rev -- revolution. they were using youtube and blog citizen journalist . this is the dialogue and communication that the government wants to control. so on - >> gretchen: so they are putting satellite blockers. >> it is working. every time there is an obstacle in place they are fining ways to work around it they are technological savvy. three-quarters of the country is under the age of 35. this is not someone they can suppress for too much time . the message to the west and united states in particular, is that this is the achilles heel of the government in iran. they want to protect their existence and they feel vulnerable . they will go to any ends to stop this flow of information. >> gretchen: what should westerners be aware of? is there anything can do? >> support the iranian people in terms of the programs. in the 2009 uprising, there were independent com
FOX Business
Dec 4, 2012 5:00pm EST
that --. melissa: why is that, to raise that much revenue and give it to the government? i don't understand why that is appealing? >> it is not appealing to me. melissa: okay. >> it would be ap peeling from a math perspective because the number is bigger. but the problem is, the number won't be that big no matter what happens. you can talk about dynamic scoring. look at different ways revenue won't be revenue it is projected to be. you're talking about something that would do tremendous damage to the domestic economy. everybody agrees with this. president obama as president at least twice made the argument, raising taxes including raising taxes just on the wealthy would hurt the economy. he is doing something he previously said would hurt the economy. melissa: that is absolutely true but please,,guys, show me that full screen another time. on the spending side of the ledger none of those cuts are big enough to make any kind of a difference, whether we're talking about going over the cliff or talking about even the gop plan. if you keep in mind we're spending $4 billion a day that we currently h
FOX News
Dec 3, 2012 7:00pm PST
there is not a joke. we need someone to be serious about the issue, about the spending. we have a federal government that spends about 25% of our gdp and people are jumping up and down the fact that we've got a 2.7% gdp growth in the last quarter. that's nothing. that's quite anemic. ronald reagan had us clicking out of the carter recession at 7 or 8%. > >> greta: americans for prosperity is unhappy with speaker boehner's proposal. he's also getting hit by his own team. >> i think this is a very pragmatic proposal that the speaker has laid out there. to say that we can generate revenues, not from raising rates but from reducing the exemptions, the deducts and loop loopholes out there. how do we start moving away from these six different tax brackets and bring them down to two and flat tax this thing out and expand the tax base as well. >> greta: i take it you're behind the speaker's proposal? >> i do stand behind that proposal. one thing i want to make sure. we cannot compromise our principles. when we start talking about limited government and precluding the growth and expansion of the government,
Dec 5, 2012 9:00pm PST
hearing at the start of the health reform debate, which may be apocryphal, "keep government hands off my medicare." the big tea party uprising was in large part a reaction to the idea, quote/unquote, of socialized medicine. it was the affordable care act, and the government, quote, takeover of health care, that fanned the flames of the post-obama tea party protest. but, of course, most of the actual republicans who were actually elected back then were elected because they ran ads like this. >> congressman brad ellsworth said he would protect our seniors. but when he got to washington, congressman ellsworth voted for the largest cuts in medicare history, over $500 billion. robin carnahan supports $500 billion in medicare cuts, ç hurting seniors most. rand paul doesn't support higher medicare deductibles for seniors. conway distracts with negative ads to hide his support for obama care, which cuts medicare by $500 billion. >> that was 2010. fast forward to this year's election and the same principle carries through. each side tried to convince voters that the other guy wanted to take the
FOX Business
Dec 3, 2012 7:00pm EST
on the ads, making shut down the government, make them look bad, recreate 1995 which i participated in. you make it look bad and you get a shot to take back the house and create american public opinion to work for you. >> and the country goes bankrupt thank you for being honest. >> i'm not writing policy, nor am i policy person, but i do understand. this is an attempt under this president to ensure that the republicans look as bad as they have never looked. lou: the republicans, this is a direct attack. and to elements of the dna of the republican party. one is low taxes and secondly, it is a sense of fiscal prudence and responsibility. if they play it is entirely wrong they could have both of those elements of their dna strips from them. >> that is right. the thing i worry about is the republicans seem to negotiates themselves. they blew an opportunity to frame this issue to the american people. when you had the senate minority leader, and laugh when he heard about the proposal, if i were him i would have come out and said, you know what, this administration wants to usurp the constitttion
FOX News
Dec 6, 2012 3:00am PST
government. merry christmas, government. you are not the real savior. the reverend joins us live this christmas season. >> brian: super storm sandy couldn't wipe out his home but something else did. >> she said to me. are you sure your house is gone. you misplace a pen and pencil but not a house. >> gretchen: how the entire house vanished."fox and friendst now. ♪ ♪ "fox and friends". >> steve: a house is something that is not easy to misplace. if you leave it there, you come back and it is there. >> gretchen: you hope that happens. we'll fill you in on the details. in the meantime what happen in a phone call. a lot can happen, right. you can get in fights and agreements and compromise. hum, i am not so sure that happened in the phone call between speaker of the house john boehner and president of the united states, barack obama. did they come to a conclusion. it is now the president's turn. >> brian: it is a week since the president and speaker talked. i do not know at of this moment who called who. >> steve: we know no details. >> brian: it is good there is no details. i jus
FOX Business
Dec 5, 2012 9:20am EST
, and like to. the government takes, and attorneys say what to do to avoid it. first, christmas music from mark stein, i don't know why my picture is up there. that's mark stein and he's singing, not me. ♪ male announcer ] at scottrade, you won't just find us online you'll also find us in person, with dedicated support teams at over 500 brancs nationwide. so when you call or visit, you can ask for a name you know. because personal service startwith a real person. [ rodger ] at scottrade, seven dollar trades are just the start. our support teams are nearby, ready to help. it's no wonder so many investors are saying... [ all ] i'm with scottrade. >> detroit, we're told, is on the verge of bankruptcy, but one member of the city council thinks the president should step in and lend a hand, otherwise known as a bailout. yeah, let's call it what it is, a bailout, a call for a bailout from the obama team. city council member joan watson said yesterday, we voted for you and now give us a quid pro quo, why not? roll the tape. >> and our team in an overwhelmingly supported the reelection of this p
FOX News
Nov 29, 2012 3:00am PST
the federal government work better. the president requested reorganization authority from the congress to do just that. >> chief strategist from the romney campaign described the way president obama won reelection . there was a time not so long ago when the problems of the democrat party was too liberal and too dependent on minorits. obama turned those problems to advantages and rode that strategy to victory. it comes six weeks after a face to face showdown on the deadly raid in the u.s. consulate in benghazi. >> you said it an act of terror. it was not a spontanous demitration. >> please proceed, governor. >> i want to make sure we get that for the record. >> and while he is in town, he will meet with congressman paul ryan. they have kept in touch and at a are catching up somewhere off cap capt hill where ryan has returned to work. >> steve: i wonder if candy crowley will be invited. >> gretchen: it is a photop. it is disappointing in the sense. if it were president bill clinton, you might think that something. ideas might be exchanged with one another. >> steve: some folks suggest that may
Dec 4, 2012 6:00am EST
except trying to rein in government. >> the truth of the matter, what's a starting to happen is that international investors, the fact that we cannot govern is going to really come home to roost. >> gld man says this is the first time he's seen people take it out of american markets. >> it's he supposed to work this w way. they can't govern either. >> i was so hopeful, i wasn't obviously thrilled with the election results, but i actually thought that result might be the result we needed to get thefshs done. >> in a way you you have the situation where -- >> you extend 98 but not the 2? believing that story is so -- >> either raise them on everyone or raise them on -- either it will hurt the economy if you raise taxes or it's not. on 98 it won't hurt, on 2 it will -- >> we'll have more on this argument. in the meantime, let's talk about some of the other headlines. financial firms are gathering for the goldman sachs financial services contractors. a key presenter is brian money tha moynihan. we talked about his reports of planned fee increases. plus there was the issue of pres
FOX Business
Nov 29, 2012 11:00pm EST
be expand in china and hire workers in china. >> when the government gives you money and attaches strings, you have to comply with the strings. when the government gives you money and is silent on something going to china you can go to china. bottom line, fm can spend the money in china. neil: if this was presented this was a possibility you think it would have been approved?ty, do you think it would have been approved? >> no, no, not by congress, and if approved by tim geithner, congress would have interceded. this is the third rail gm would use, i don't know if they are using federal dole a for gm to receive billions in taxpayer dollars or money borrowed in their name, loaned to the federal government to gm. neil: we broke all sorts of corporate law. bondholders. they move it back of the line. >> they broke, everything. >> would you pardon this phrase? they broke the law legally. meaning they persuade ad federal bankruptcy judge to disallow 200 years of precedent and twist and bend and torture statutes. the supreme court declined to get involved. i was with a member of the supreme court
FOX Business
Dec 3, 2012 11:00pm EST
wisdom in, that argument for large government entities comin in, they provide the heft. you need heft, do you agree? >> you need heft, but it seems like right on the ground in the middle of this disaster, we're still relying on a 1950's style military response. drop a whole load of bulk stuff in one main area, and hope someone gets it but when you have people in a flood zone with no cars, with no power, no cell phones and no way to get information, have you the bulk hefty loads of stiff sitting in central locations, that people just cannot get to. and you need the community organizati to mobilize, go get it, and bring it to the community and startnocking on doors, that is what we've done at the guy and rescue center there is aouple other dozen organizations like ours, that have actually been the heart and soul of the distribution network th fed and clothes people up until now. to tell you, fema reps told me, we have people ringing doorbells they are not answers, i said they have no power, they are not hearing the doorbells, you have to knock on the door, and have a ighborhood present. nei
FOX News
Dec 3, 2012 1:00pm PST
government to write a big check to the state. we found with katrina, of the $140 billion, according to independent government auditors, there was rampant corruption and fraud and no bid contracts that went to cronies and we estimate that somewhere between 20 percent to 25 percent to 30 percent of the money was wasted on fraudulent contracts. it didn't helps victims. a lot of people got rich but it wasn't the people who lost their homes. >>neil: you can see money for a variety of purposes, the money coming in, helping the victims, helping sandy victims now, but it goes through a variety of nefarious purposes and could fill a hole in the budget. where is the backup to look at making sure this money is going for the pups to which it is intended? >>guest: this is the frustration as a taxpayer watch dog. going back to katrina we did not find out about a lot of this until a year or two years later and the american people had moved on and congress moved on so we didn't eleven any lessons. now we are about to make the same mistakes with respect to the clean up of sandy that we made when we
FOX News
Dec 5, 2012 4:00pm PST
. we need new thinking and renewed efforts from all americans. >> big government is not effective government. big government has never worked. >> you will see how two potential presidential hopefuls are laying out their vision for their party's future, that's next. [ male announcer ] with 160 more miles per tank, the distances aren't getting shorter. ♪ the trucks are going farther. the new 2013 ram 1500. ♪ with the best-in-class fuel economy. engineered to move heaven and earth. ♪ guts. glory. ram. [ "the odd couple" theme playing ] humans. even when we cross our "t"s and dot our "i"s, we still run into problems -- mainly other humans. at liberty mutual insurance, we understand. that's why our auto policies come with accident forgiveness if you qualify, where your rates won't go up due to your first accident, and new car replacement, where if you total your new car, we give you the money for a new one. call... to talk to an insurance expert about everything else that comes standard with our base auto policy. [ tires squeal ] and if you get into an accident and use one of our
Nov 30, 2012 6:00pm PST
it it legal to find a wanted american citizen living abroad, track him down, and then for the u.s. government to kill him with a missile in that other country? the man's father went to court to try to stop the u.s. government from doing it. the father sued to say in advance that his son should be arrested instead of killed on the spot if he was found, but he was found and he was just killed on the spot with a missile. u.s. citizen. then a month later, we killed his 16-year-old son too. also an american citizen. same cause of death. we have done things in the past decade or so that if you asked anybody in advance of us starting to behave this way, whether the united states would be a country that behaved this way, no one could have predicted that. the response of a massive terrorist attack in 2001 would be we would declare we were at war. congress passed an authorization of military force against the group that attacked us and associated forces. and the power granted by that authorization to use force undergirds a lot of the things we have done. things that constitute unimaginable behavior for
FOX Business
Nov 30, 2012 11:00am EST
on everybody. that means more revenue going into the government. he wants the defense cuts. he proposed even more spending. 2 billion more in spending. connell: even from congress today, there have been republicans hear similar things. it does leave them and whatever that is, it does leave them in a tough spot. now, boehner could come back and say i will not give you $1.6 billion in tax hikes. otherwise, the republicans to take a share of the blame. you know, if we do go over that cliff. >> $400 billion out of medicare. that is the extent to which he is willing to cut. first of all, you have to do reform, connell. you cannot just put a band-aid here caught a little markets on the here. you need a serious overhaul. connell: for what it's worth, my take, he would not want to do it because he would not want to be remembered that push the country back into recession. >> it is not leaving a strong economy, it is transforming the economy into a your -- european socialist. connell: thank you, monica. >> thank you. connell: we do have real numbers on the economy to talk about. today, we learned cons
FOX Business
Dec 5, 2012 1:00pm EST
note this morning way to raise government revenues in terms of negotiating power. long-term growth with high income taxes and on the downside the least harmful consumption tax and property taxes. is anybody listening to this? >> we just put this out. we like to get congress focus on doing the least amount of harm while they raise revenues of some sort. you can do through asset sales, develop kind of things thee3 government owns and does not own. a lot of things in terms of oil leases and about a trillion dollars worth of mineral rights the government can sell off rather than raising taxes. they can equate government workers to pay more towards the health insurance and pensions, that would be a good thing and raise revenues. there are lots of ways to raise revenues without doing harm to the economy. lori: i have got to interrupt you here, why is the president so insistent upon raising tax rates for the wealthy? if you are point we don't necessarily have to do that to get meaningful revenues. melissa: it seems like religious or political on is part. this is a matter of an article of
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